Vietnam Diesel Generator Set Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

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In 2021, the Vietnam diesel generator set market was worth around USD 109 million, and it is projected to advance at a 3.6% CAGR from 2021 to 2030, hitting USD 150 million by 2030, according to P&S Intelligence.

Vietnam, In Southeast Asia, is quickly becoming one of the vital genset industries. Vietnam's industry for diesel gensets is projected to be boosted by the manufacturing of SEZs; government infrastructure enterprises including smart cities, metro trains, and national and state roads; and amplified energy consumption.

During the forecast period, the 5–75 kVA category is estimated to experience the highest CAGR, of 4.2%, to reach USD 26.6 million by 2030, on the basis of power rating. The need for such generators is mainly elevated for applications in the commercial & residential sectors, and the surge in worries regarding energy unpredictability in the residential sector because of natural disasters.

Browse detailed report - Vietnam Diesel Generator Set Market Analysis and Demand Forecast Report

For example, in 2021, Atlas Copco protracted its QES portable generator range up to 500 kVA by adding four models, which give an expectable foundation of power for the most complex worksites, throughout the globe. The latest models in the variety are the QES 400, QES 500, QES 325, and QES 250. These are accessible in 60 Hz or 50 Hz variants and are all Stage 3A release compliant.

Hence, Vietnam's industry for diesel gensets is projected to be boosted by the manufacturing of SEZs; government infrastructure enterprises including smart cities, metro trains, and national and state roads; and amplified energy consumption.

 

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